Gold extends gains as rate hike bets ease ahead of Fed verdict

Gold, silver, palladium set for fifth session of gains

Gold gained for a fifth consecutive session on Wednesday as optimism ‌over a U.S.-Iran peace agreement eased expectations of U.S. interest rate hikes, while investors awaited further details on the deal and the Federal Reserve's policy meeting.
Spot gold was up 0.3% at $4,341.12 per ounce, as of ​0230 GMT, trading near a one-week high hit on Monday. U.S. gold futures for ​August delivery rose 0.2% to $4,361.10.

Source: Reuters